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Matson expands 2012 profit

  • COURTESY MATSON INC.Matson Inc. said Wednesday it earned $19.1 million in the third quarter, its first as an independent company. Net income more than doubled from a year ago.
    COURTESY MATSON INC.
    Matson Inc. said Wednesday it earned $19.1 million in the third quarter, its first as an independent company. Net income more than doubled from a year ago.

Matson Inc. profits rose in the fourth quarter and for all of last year, the Honolulu-based ocean cargo transportation firm reported today.

The company said its fourth-quarter profit surged to $15.6 million from $1.6 million in the same period the year before. Profit for all of last year was $45.9 million, up from $34.2 million in 2011.

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